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Pay day loan alternative CUSO XtraCash saves CUs and members $2.8 Million

Суббота, 2 января 2021

Pay day loan alternative CUSO XtraCash saves CUs and members $2.8 Million

Pay day loan alternative CUSO XtraCash saves CUs and members $2.8 Million

Contact: Lon NeofotistManaging DirectorXtraCash, LLC(913) 310-9292Lneofotist@xtracashllc.com

Lenexa, Kan. (March 3, 2011) – XtraCash, LLC, a payday financing alternative CUSO, announced their partner credit unions and people spared over $2.8 million, between 2007 and year’s end 2010.

Since its March 2007 launch in 2 branches, XtraCash processed almost 24,000 loans having a total loan valueof over $9.1 million. XtraCash has exploded to provide 23 branches based in Kansas, Missouri and Florida, andcontinues its intends to expand for the U.S. where permitted by legislation.

“An estimated 30 million U.S. households are either unbanked or underbanked, depending on alternativefinancial solutions. A number of these predicted 60 million grownups are credit union users,” said Lon Neofotist,XtraCash’s handling director. “As a credit union owned CUSO XtraCash is important for credit unionmembers. It offers an alternative that is affordable as evidenced by the sum total $2.8 million in cost cost cost cost savings credit unionsand their people took advantageous asset of considering that the 2007 XtraCash launch.”

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